Sylios Corp. (fka UNGS)

[No-Quarter]

:(

https://www.sec.gov/Archives/edgar/data/1695473/000149315217013619/form10q.htm

Page F3

Quote:

THE GREATER CANNABIS COMPANY, INC.
(Formerly The Greater Cannabis Company, LLC)
CONSOLIDATED STATEMENTS OF OPERATIONS
Nine Months Ended September 30, 2017 and 2016 (Unaudited and Unreviewed)


September 30, 2017 (Unaudited)

Revenue:
Sales $ 209

Cost of sales 109

Gross profit 100

Operating Expenses:
Officer compensation 500,000
Director Compensation 25,000

Consulting fees 25,000
Other selling, g&a 54,432
Total operating expenses 604,432

Loss from operations ($604,332)

Other expenses:
Expense from derivative liability 126,396
Interest expense 2,529
Amortization of debt discount 5,425
Total other expenses 134,350

Net loss ($738,682)